RSP - Was The Bar Set Too High Heading Into Q3 2020 Earnings Season?
- Investors eagerly await the unofficial kickoff to 2020's third-quarter earnings season during the week of October 12.
- With the U.S. presidential election looming and an index that has rebounded 8.34% to 3,477.13 as of the October 9 close, the stakes are high heading into the 2020 Q3 earnings season.
- Adding to the pressure is a high bar set by multiple new records within the S&P 500's second-quarter earnings; however, several measures indicate that 2020 Q3's earnings estimates are still too low.
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Was The Bar Set Too High Heading Into Q3 2020 Earnings Season?